GST on Sale of Old Gold Jewellery(2nd Hand)
Ishan (Director) (22 Points)
07 July 2022They purchase Old Gold Jewellery from unregistered person and then sells it to customer after minor repairs & polish (No change in the form and nature of goods).
1.) How much GST he should pay ?
(Full Sale Value or Difference b/w purchase price & selling price)
2.) How to invoice such sale? (Plz. give an example)
3.) How much would be his turnover in GST ? (Sale Value or Difference)
Kindly help.
I shall be very thankful.